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Installing or repairing plaster on ceilings differs slightly from performing the same motions on a wall. You’ll apply slightly less plaster to lower the overall weight of the ceiling. Wall texturing is common, whereas most ceilings are smooth plaster. Tough coat plaster is strong, meaning you can use less while retaining a solid surface.

There are six levels of drywall finish, from 0 to 5, that refer to the amount of work performed during the finishing process.

Level 0: Drywall is hung with no finishing work.

Level 1: Tape is placed over the seams between drywall sheets.

Level 2: A thin layer of mud is applied over the tape and screw holes. This level is common for utility rooms or walls that will be covered.

Level 3: A full coat of mud covers the screw holes and tape, but the surface is not sanded. This is often used in garages.

Level 4: This is the most common finish for visible interior walls. It involves applying two coats of mud over seams and screw holes, with sanding between each coat, creating a smooth surface ready for flat paint.

Level 5: This is a high-end finish for luxury homes. It includes full taping, mudding, and sanding, plus a final skim coat over the entire surface before painting.

You should wait at least 24 hours for drywall mud to dry before sanding or applying another coat. However, the exact drying time depends on several factors, including the thickness of the application, room temperature, humidity, and the type of compound used. Thicker layers, or projects in high humidity, may require 48 hours or more. Lightweight compounds tend to dry faster than heavier, all-purpose ones. You'll know the mud is ready when it feels completely dry and firm to the touch and has changed to a consistent light color. Sanding too early can cause smudging or gouges, so patience is essential for a smooth finish.

When choosing materials for finishing basement walls, consider factors such as moisture resistance, durability, and fire resistance. Opt for materials specifically designed for basement environments, like moisture-resistant drywall or cement board. Insulation with vapor barriers can help regulate temperature and prevent condensation. Consider using mold-resistant paints or coatings. 

Research and consult with experts to select materials that are suitable for your specific basement conditions and intended use. Prioritize quality and compatibility to achieve long-lasting and aesthetically pleasing results.